There's a reason people seem to use the Private Message facility to discuss trading strategies. Today learnt why. I'll let others ignorance and trolling (Sekiyo and Drawdown) prevail in this Thread.
You can model price as a complex signal with additive noise, or model price as noise itself, pink noise to be specific. Either way, that leads you to solutions from the field digital signals processing (DSP). John Ehlers is the man whose work you want to read in this regard. Technical Papers
where did you come from very refreshing to see some of your post - intelligent life is out there. my seti was just about wore out, lol
Things move on Fundamentals. You've got to use Fundamentals to calculate it prpoperly. Probably beyond the scope of a pure Technical traders. Yeah, I've read ALL the T.A. books, Probably more than most here, but that won't produce the correct result.
I've done the Research, with regard to Futures and Stock Indexes. I can draw almost exact parallels betweens the Fundamentals instos are obviously watching and basing decisions on. With respect, you've traded longer than me, but I've probably researched longer.
If research equaled returns academics would be much better traders. Experience has taught me what works for me.
Instos aren't basing decisions on pure TA. Yes some Algos obviously are, but things move on Fundamentals. As AI improves that'll get better too.